FEP Heat Shrink Tube Market Key Drivers & On-going Trends 2019 – 2027

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FEP Heat Shrink Tube Market: A Versatile Tool for Maintenance and Repair

• A heat shrink tube (or, tubing) is a plastic tube that is shrinkable and is primarily used to insulate wires, offering abrasion resistance and protection from environmental factors to rigid wire conductors, joints, terminals, and connections. A heat shrink tubing is usually made of polyolefin, which can shrink along the radius (but not longitudinally) when heated. Generally, the shrinking ranges between 50% and 16.66% of the tube diameter.

• FEP heat shrink tubes i.e. fluorinated ethylene propylene heat shrink tubes are preferred over PTFE (polytetrafluoroethylene) heat shrink tubes, specifically due to their lower shrink temperature. Fluorinated ethylene propylene heat shrink tubes offer advantages over perfluoroalkoxy alkane heat shrink tubes, which include better flexibility, optical clarity, and high lubricity. Furthermore, FEP costs less and it is selected for applications wherein high heat shrink ratios are not required.

• FEP offers various advantages such as biocompatibility, resistance to chemicals, flame resistance, excellent dielectric strength, excellent UV transmission ratings, and low absorption of solvents. It can also be used to repair wire insulations; to bundle wires together; to protect wires and small parts from minor abrasions; and to manufacture cable entry seals.

• In terms of application, the global FEP heat shrink tube market can be segmented into encapsulation, insulation, wire harness, and others

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Key Drivers and Restraints of Global FEP Heat Shrink Tube Market

• Stringent pollution control norms by governments all over the world are prompting automobile makers (original equipment manufacturers) to introduce on-board diagnostic (OBD) systems, which monitor the level of emissions from vehicles. This system requires a large number of sensors and electronic & engine control units (E&ECU), which consist of a bundle of small wire harnesses, requiring FEP heat shrink tubing for insulation and safeguarding purposes. Thus, increasing demand for FEP heat shrink tubing from the automotive sector is expected to drive the global FEP heat shrink tube market during the forecast period.

• Governments of developing economics, such as China, India, and South Korea, are expanding and upgrading their transmission and distribution systems, wherein a large number of wires and cables are used. These initiatives have rapidly augmented the demand for FEP heat shrink tubing for use in encapsulation and insulation applications. This factor is anticipated to drive the global FEP heat shrink tubing market in the next few years.

Global FEP Heat Shrink Tube Market, by Application

• In terms of application, the global FEP heat shrink tube market can be segmented into encapsulation, insulation, wire harness, and others. FEP heat shrink tubes is the best choice for encapsulation for general-purpose protection and covering of critical components. Dielectric properties of FEP are making FEP heat shrink tubes a better choice for encapsulating and insulating of electric components including solenoids, lithium-ion batteries, and alkaline batteries. FEP heat shrink tubes are also widely used for wire harnesses used for covering of wires and cables.

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Asia Pacific to be a Key Market for FEP Heat Shrink Tubes

• In terms of region, the global FEP heat shrink tube market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa

• Asia Pacific is estimated to hold a significant share of the global FEP heat shrink tube market during the forecast period. Governments of various countries, including China and India, are initiating, expanding, and upgrading transmission and distribution systems. This factor along with the continuously increasing global power generation capacity is projected to boost the global demand for FEP heat shrink tubes during the forecast period. Asia Pacific was also the most rapidly expanding market for FEP heat shrink tubes in 2019. The markets in China and India are expected to expand at a rapid pace during the forecast period.